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It seemed that the majority of American's were against the Bailout. My question is...if Congress and The Senate are representing the people of their respective districts, why did this thievery being called a bailout pass? Seems to me that if the public had their opinion counted, this never would have happened. Why do we need representatives if they are not representing the majority? This government either needs one hell of an overhaul, a revolution or a coup. We are being robbed, plain and simple.
I have it stashed somewhere in new mexico, come and find it! fleeced you guys again!
Quote:
Originally Posted by freefall
"after receiving billions in aid from U.S. taxpayers, the nation's largest banks say they can't track exactly how they're spending the money or they simply refuse to discuss it."
I write you a check for $10. You deposit it in your checking account. You buy some groceries. You pay the rent. You pick up your dry cleaning. You download a new CD. Where did my money go? You don't know...you can't say...
Location: The Chatterdome in La La Land, CaliFUNia
39,031 posts, read 23,023,210 times
Reputation: 36027
Quote:
Originally Posted by freefall
No, the 'elite' are the American royal family of Bush and Cheney and their CEO buds. Maybe 'ignorant and mis-informed' democrats Ill buy, but no more than the republicans - both aisles are stupid.
In this case, it's the dems that pushed for the bailout and are catering to wall street.
well saganista, sounds to me as if the ca$h went to a bunch of teenagers. my daughter used to do the same thing with the money we'd give her for washing dishes, cleaning house, well but, that's no comparison at all, at least she did something for the $$$, more than we can say for the non-sayers.
Quote:
Originally Posted by saganista
I write you a check for $10. You deposit it in your checking account. You buy some groceries. You pay the rent. You pick up your dry cleaning. You download a new CD. Where did my money go? You don't know...you can't say...
thanks for pointing that out chatterbox, we'd never had known that small fact, but, wait a minute, wasn't it bernake, the boy who cried wolf in the first place? I know it was difficult for you to place partisan politics into the spotlight of this thread, we all know how much you tried to refrain from it.
Quote:
Originally Posted by msconnie73
In this case, it's the dems that pushed for the bailout and are catering to wall street.
Location: The Chatterdome in La La Land, CaliFUNia
39,031 posts, read 23,023,210 times
Reputation: 36027
Quote:
Originally Posted by sickofnyc
It seemed that the majority of American's were against the Bailout. My question is...if Congress and The Senate are representing the people of their respective districts, why did this thievery being called a bailout pass? Seems to me that if the public had their opinion counted, this never would have happened. Why do we need representatives if they are not representing the majority? This government either needs one hell of an overhaul, a revolution or a coup. We are being robbed, plain and simple.
well saganista, sounds to me as if the ca$h went to a bunch of teenagers. my daughter used to do the same thing with the money we'd give her for washing dishes, cleaning house, well but, that's no comparison at all, at least she did something for the $$$, more than we can say for the non-sayers.
I'm just trying to point out that people are apparently expecting something that doesn't exist under any conditions...a one-to-one correspondence between dollars in and dollars out. Next to nothing works that way. None of the $350 billion has disappeared. None of it has been used for cushy bonuses or lavish parties. The bulk of it is sitting out there being what it was always supposed to be...capital reserves to lend against replacing those that went up in smoke and mirrors as this crisis was allowed to unfold. People want to see something tangible for their investment. Natural enough, but what you've bought here is things that haven't happened. All of them bad. I'll be happy to smack Paulson and Kashkari around for their seemingly total lack of interest in getting the oversight mechanisms called for under TARP up and running. I'll agree that in their haste, they haven't been aggressive enough in wringing the excess water out of stockholders in creating these initial deals. But it is still the case that you won't be able to find anyone with a head on his or her shoulders who won't say that the situation that exists out there today isn't better than what it would have been had those bailout bucks failed to materialize...
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